MarketFriction

Rajdarshan Industries Ltd

NSE ARENTERP · BSE 526662 · Trading - Minerals
₹33.79 -0.32%
NSE close2026-10-01
52 week range27.60 - 60.79
Market cap₹10.2 Cr.
ASM long-term Price band 20% Delivery 71.4%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Standalone, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales0.000.680.421.120.380.000.070.300.090.070.110.30
Expenses0.050.690.461.180.410.070.240.400.130.130.210.40
Operating Profit-0.05-0.01-0.04-0.06-0.03-0.07-0.17-0.10-0.04-0.06-0.10-0.10
OPM %-1.47%-9.52%-5.36%-7.89%-242.86%-33.33%-44.44%-85.71%-90.91%-33.33%
Other Income0.240.330.360.460.25-0.01-0.170.35-0.010.16-0.110.46
Interest0.000.000.000.000.000.000.000.000.000.000.000.00
Depreciation0.000.000.000.010.010.010.010.010.030.010.010.01
Profit before tax0.190.320.320.390.21-0.09-0.350.24-0.080.09-0.220.35
Tax %0.00%0.00%59.38%0.00%4.76%0.00%-17.14%0.00%0.00%0.00%100.00%0.00%
Net Profit0.190.320.140.400.21-0.08-0.290.24-0.070.09-0.440.36
EPS in Rs0.611.030.451.290.68-0.26-0.930.77-0.230.29-1.421.16
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1.271.221.671.610.600.000.441.901.581.570.570.57
Expenses1.251.301.341.188.710.320.802.121.761.880.900.87
Operating Profit0.02-0.080.330.43-8.11-0.32-0.36-0.22-0.18-0.31-0.33-0.30
OPM %1.57%-6.56%19.76%26.71%-1,351.67%-81.82%-11.58%-11.39%-19.75%-57.89%-52.63%
Other Income0.460.610.630.430.301.250.900.551.100.530.400.50
Interest0.010.050.010.000.000.000.000.010.010.010.000.00
Depreciation0.260.220.120.060.030.020.010.010.010.030.030.06
Profit before tax0.210.260.830.80-7.840.910.530.310.900.180.040.14
Tax %14.29%15.38%14.46%27.50%-25.64%23.08%-1.89%3.23%21.11%-27.78%550.00%
Net Profit0.180.220.700.58-5.820.710.540.300.720.23-0.17-0.06
EPS in Rs0.580.712.251.87-18.722.281.740.972.320.74-0.55-0.20
Dividend Payout %0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth-8%%-33%-24%
Compounded Profit Growth%%%-175%
Stock Price CAGR6%4%-10%-29%
Return on Equity-1%2%1%-1%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital3.113.113.113.113.113.113.113.113.113.113.113.11
Reserves15.8616.0418.8719.1619.8512.2815.0618.3217.6518.3218.7917.32
Borrowings0.130.010.000.000.000.000.000.000.000.500.000.00
Other Liabilities0.310.140.120.100.150.080.100.560.510.290.230.16
Total Liabilities19.4119.3022.1022.3723.1115.4718.2721.9921.2722.2222.1320.59
Fixed Assets1.561.310.860.690.640.390.340.320.320.520.490.46
CWIP2.872.870.000.000.000.000.000.000.000.000.000.00
Investments2.962.465.555.826.054.016.549.628.639.189.608.26
Other Assets12.0212.6615.6915.8616.4211.0711.3912.0512.3212.5212.0411.87
Total Assets19.4119.3022.1022.3723.1115.4718.2721.9921.2722.2222.1320.59
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity0.720.98-1.970.33-0.83-0.100.01-0.62-0.38-0.25-0.88-0.41
Cash from Investing Activity0.370.960.36-0.180.34-0.230.120.520.240.290.870.41
Cash from Financing Activity-0.34-0.13-0.06-0.010.000.000.000.000.000.000.000.00
Net Cash Flow0.741.81-1.670.14-0.49-0.330.14-0.10-0.140.04-0.010.00
Free Cash Flow0.740.97-1.970.38-0.830.210.07-0.62-0.38-0.42-0.88-0.41
CFO/OP129%4,900%2,362%152%-170%-0%-16%156%155%111%274%118%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days286.35155.2065.8285.24281.12815.171,136.48124.87228.70281.31883.68
Inventory Days0.000.000.000.000.000.00
Days Payable
Cash Conversion Cycle286.35155.2065.8285.24281.12815.171,136.48124.87228.70281.31883.68
Working Capital Days475.91238.541,451.021,020.691,262.763,333.674,537.61893.291,106.551,267.043,662.81
ROCE %3.20%1.15%1.41%3.80%3.54%-40.89%5.42%2.68%1.52%4.26%0.87%0.19%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters63.66%63.66%63.66%63.66%63.66%63.66%63.66%63.66%63.66%63.66%63.66%63.66%
DIIs0.68%0.68%0.68%0.68%0.68%0.68%0.68%0.68%0.68%0.68%0.68%0.68%
Government0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.09%0.09%
Public35.67%35.66%35.66%35.66%35.66%35.65%35.65%35.66%35.66%35.66%35.56%35.58%
No. of Shareholders5,0564,9164,8805,1775,4515,6925,5775,6475,5595,3935,3655,316

Fundamentals

Market Cap₹ 10.2 Cr.
Current Price₹ 32.7
Book Value₹ 65.7
ROCE0.19 %
ROE-0.80 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)-24%
Compounded Profit Growth (TTM)-175%
Standalone figures.
Valuation
Market capRs 11 Cr
Enterprise valueRs 10 Cr
Price to book0.51x
Price to sales18.44x
EV / EBITDA52.04x
EV / EBIT74.35x
EV / sales18.26x
Earnings yield-0.57%
P/E, 3-year average40.90x
P/B, 3-year average0.62x
P/E, 5-year average31.99x
P/B, 5-year average0.53x
Profitability
Operating margin (excl. other income)-57.89%
Operating margin (incl. other income)12.28%
EBITDA margin35.09%
Pre-tax margin24.56%
Net profit margin-10.53%
Net margin, latest quarter120.00%
ROE-0.80%
ROCE0.19%
ROA-0.80%
ROE, 3-year average1.22%
ROCE, 3-year average1.77%
ROA, 3-year average1.18%
ROE, 5-year average1.56%
ROCE, 5-year average1.90%
ROA, 5-year average1.52%
ROIC (approx.)-3.10%
Tax rate550.00%
Other income / net worth1.96%
Growth
Sales growth (latest year)-63.69%
Profit growth (latest year)-173.91%
Sales CAGR, 3 years-33.06%
Sales growth QoQ172.73%
Sales growth YoY (latest quarter)0.00%
Profit growth YoY (latest quarter)50.00%
Per share
EPS (TTM)Rs -0.19
EPS (latest quarter)Rs 1.16
EPS, 3-year averageRs 1.53
EPS, 5-year averageRs 1.44
Book value per shareRs 65.69
Sales per shareRs 1.83
Cash flow per shareRs -1.32
Free cash flow per shareRs -1.32
Efficiency
Asset turnover0.03x
Fixed asset turnover1.24x
Debtor days884 days
Debtors turnover0.41x
Cash conversion cycle884 days
Working capital days3663 days
Leverage
Cash and bankRs 0 Cr
Net debtRs -0 Cr
Net debt / EBITDA-0.50x
Owners' fund to total sources99.22%
Cash flow
Cash from Operating Activity (latest year)Rs -0 Cr
Cash from Investing Activity (latest year)Rs 0 Cr
Free cash flow (latest year)Rs -0 Cr
Cash from ops / profit, 5 years-1.57x
Statement figures
Net sales (TTM)Rs 1 Cr
Net sales (latest year)Rs 1 Cr
Sales (latest quarter)Rs 0 Cr
Operating profit excl. other income (latest year)Rs -0 Cr
Operating profit (latest quarter)Rs -0 Cr
Other income (TTM)Rs 0 Cr
EBITDA (TTM)Rs 0 Cr
PBDT (TTM)Rs 0 Cr
Profit before tax (TTM)Rs 0 Cr
Tax (latest year)Rs 0 Cr
Net profit (TTM)Rs -0 Cr
Net profit (latest year)Rs -0 Cr
Net profit (latest quarter)Rs 0 Cr
Depreciation (TTM)Rs 0 Cr
Depreciation (latest quarter)Rs 0 Cr
Cost of goods sold (latest year)Rs 0 Cr
Total expenditure (latest year)Rs 1 Cr
Total income (latest year)Rs 1 Cr
Share capitalRs 3 Cr
ReservesRs 17 Cr
Shareholders' fundsRs 20 Cr
Total assetsRs 21 Cr
Net blockRs 0 Cr
InvestmentsRs 8 Cr
ReceivablesRs 1 Cr
Other liabilitiesRs 0 Cr
Shares outstanding (crore)0.31
Ownership
Promoter holding63.66% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/B 0.51 is at the 54th percentile (median 0.48).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodARENTERPNifty 50Difference
1 week-2.8%-2.8% -0.0 pts
1 month-4.3%-6.8% +2.5 pts
3 months-4.0%-7.6% +3.6 pts
6 months-6.7%+0.4% -7.1 pts
1 year-22.7%-9.9% -12.8 pts
2 years-32.5%-13.6% -19.0 pts
3 years-25.1%+14.2% -39.3 pts
5 years+17.5%+27.9% -10.4 pts

Red flags

F-score 2 of 8
explainWeak cash conversion Cash from operations was -197% of net profit over the last 3 years
explainReceivables outrunning sales Receivables grew 14% vs sales -64% in 2026
lookProfit leans on other income Other income was 1000% of pre-tax profit in 2026
lookOn NSE surveillance On NSE surveillance: ASM long-term
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹0 Cr +0.0% vs Jun 2025. Net profit ₹0 Cr +50.0%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2024-09-23Annual General Meeting
2023-09-22Annual General Meeting
2022-09-23Annual General Meeting
2021-09-22 Annual General Meeting
2020-12-17 Annual General Meeting
2019-09-20 Annual General Meeting
2018-09-19 Annual General Meeting
2017-09-20 Annual General Meeting
2016-09-15 Annual General Meeting
2015-09-16 Annual General Meeting
2013-09-03Annual General Meeting
2012-09-13Annual General Meeting
2011-09-22Annual General Meeting
2010-09-22Annual General Meeting
2009-09-22Annual General Meeting
2008-09-22Annual General Meeting
2007-09-20Agm
2006-09-21Agm
DateTypeWhat it says
2026-09-30Shareholder meetingProceedings of Annual General Meeting held on September 30, 2026. Further, the company has submitted the Exchange a copy of Srutinizers report along w...
2026-09-07UpdatesIntimation under Regulation 30 and 36 (1) (b) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ( SEBI Listing Regulatio...
2026-09-05Shareholder meetingNotice of Annual General Meeting to be held on September 30, 2026
2026-08-14Change in ManagementChange in Management
2026-08-14Board meeting outcomeRajdarshan Industries Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-06-05Disclosure under SEBI TakeovRajdarshan Industries Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India ...
2026-05-26Change in ManagementChange in Management
2026-05-26Board meeting outcomeRajdarshan Industries Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
2026-04-24Structural Digital DatabaseSDD compliance certificate for the Financial Year ended March, 2026
2026-03-25Reply to Clarification- FinaThe Exchange had sought clarification from Rajdarshan Industries Limited for the quarter ended 31-Dec-2025 with respect to Regulation 33 of the SEBI (...
2026-03-12Clarification - Financial ReThe Exchange has sought clarification from Rajdarshan Industries Limited for the quarter ended 31-Dec-2025 with respect to Regulation 33 of the SEBI (...
2026-02-13Board meeting outcomeRajdarshan Industries Limited has submitted to the Exchange, the financial results for the period ended December 31, 2025.
2025-11-13Board meeting outcomeRajdarshan Industries Limited has submitted to the Exchange, the financial results for the period ended September 30, 2025.
2025-11-13Board meeting outcomeBoard meeting held on November 13, 2025.
2025-10-14Structural Digital DatabasePursuant to Regulation 3(5) and 3(6) of Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015 (PIT Regulations), p...
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
EPS in the scrip is zero (4 trailing quarters)Less than 100 unique PAN traded in previous 30 daysLong Term Additional Surveillance Measure (Long Term ASM): stage 1
Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.Updated 2026-10-03